BTC

$94361.146

-3.06%

ETH

$3247.22

-3.65%

XRP

$2.184

-3.41%

BNB

$642.789

-3.86%

Market

Everyone Said They Would Buy More Crypto When It Declined 80% Value, But Now They’re Just Afraid

June 13, 2022 - Around 2 mins mins to read
crypto

Crypto market is now totally down?

A throwback to maybe October/November of last year when Bitcoin was having its height of the run and everything seemed primed for 100k EOY. People were happy and euphoric. The only complaint and the big one was to have bought more. Then we go to the end of November and the first people started calling for an 80% dip so that they can load up.

Where are those people now? Well, they are probably too scared right now and the majority likely already left the market in January of this year or so.

It’s easy to call for an 80% dip but it’s hard to stay for it. The dip won’t be sharp down on one day and sharp up the next one. For most altcoins, it will be a question of survival.

crypto

“Facts if I had spare money to gamble with-ahem I mean invest then I would love to buy at these prices. These are dream prices. But the op is forgetting other factors like this crazy inflation. Looking at coins on a digital platform is ok but eating every day is even better. I choose food,” a trader commented on this controversial topic.

“And that’s why nobody can honestly say they’ll buy crypto at an 80% discount – How many of us had money to spend on bitcoin back in 2009? Many people were out of work and wondering how they’ll ever feed themselves, much less buy into a great new technology that would make them rich eventually.”

Source: https://www.reddit.com/r/CryptoCurrency/comments/vau4lf/everyone_said_they_would_love_to_buy_their_crypto/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Market

Everyone Said They Would Buy More Crypto When It Declined 80% Value, But Now They’re Just Afraid

crypto

Crypto market is now totally down?

A throwback to maybe October/November of last year when Bitcoin was having its height of the run and everything seemed primed for 100k EOY. People were happy and euphoric. The only complaint and the big one was to have bought more. Then we go to the end of November and the first people started calling for an 80% dip so that they can load up.

Where are those people now? Well, they are probably too scared right now and the majority likely already left the market in January of this year or so.

It’s easy to call for an 80% dip but it’s hard to stay for it. The dip won’t be sharp down on one day and sharp up the next one. For most altcoins, it will be a question of survival.

crypto

“Facts if I had spare money to gamble with-ahem I mean invest then I would love to buy at these prices. These are dream prices. But the op is forgetting other factors like this crazy inflation. Looking at coins on a digital platform is ok but eating every day is even better. I choose food,” a trader commented on this controversial topic.

“And that’s why nobody can honestly say they’ll buy crypto at an 80% discount – How many of us had money to spend on bitcoin back in 2009? Many people were out of work and wondering how they’ll ever feed themselves, much less buy into a great new technology that would make them rich eventually.”

Source: https://www.reddit.com/r/CryptoCurrency/comments/vau4lf/everyone_said_they_would_love_to_buy_their_crypto/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News